other countries currencies are driven mainly when their countries session is open, that is when most of the transactions of that currency takes place on interbank platform of that country. interbank transactions are driven mainly by demand and supply of physical currency of that country, speculation adds small component to it though.

other countries currencies are driven mainly when their countries session is open, that is when most of the transactions of that currency takes place on interbank platform of that country. interbank transactions are driven mainly by demand and supply of physical currency of that country, speculation adds small component to it though.

just because its is midnight in japan and australia now does not mean people dont play aud/jpy, nzd/jpy or aud/nzd during the european or us sessions

that small play by people is speculation, that does not move currency , interbank transactions taking place when banks open moves currencies,

if usd moves all other currencies will move, that is why it is important to analysing usd index,

for example, if you are tracking eur jpy then when japanese banks are open, jpy will move eurjpy pair, because jpy transactions are taking place on japanese interbank platform. during european session open, eur will move this pair, as european banks are doing transactions on their interbank platform.

but ultimaltely usd will move everything, so what happens to usd in us session on us interbank platform, will determine faith of all currencies for the next day.

that small play by people is speculation, that does not move currency , interbank transactions taking place when banks open moves currencies,

if usd moves all other currencies will move, that is why it is important to analysing usd index,

for example, if you are tracking eur jpy then when japanese banks are open, jpy will move eurjpy pair, because jpy transactions are taking place on japanese interbank platform. during european session open, eur will move this pair, as european banks are doing transactions on their interbank platform.

but ultimaltely usd will move everything, so what happens to usd in us session on us interbank platform, will determine faith of all currencies for the next day.

this is silly,
its is a global economy, the strength or weakness of a pair is not dictated by what bank is open
also, algos do not shut down when the bank is closed